Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock (Tables)

v2.4.0.8
Earnings Per Share of Common Stock (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2013 and 2012. Earnings per share is computed using the weighted average number of shares outstanding during the respective periods.

 

     For the Three Months Ended
September 30,		      For the Nine Months Ended
September 30,		  
     2013      2012      2013      2012  

Net income

    $ 4,760       $ 40,431       $ 82,633       $ 357,408   

Weighted average shares of common stock outstanding—basic and diluted

      6,530,264         2,750,000         6,108,165         2,750,000   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic & diluted earnings per common share

    $ 0.00       $ 0.01       $ 0.01       $ 0.13